Integrated Advisors Network LLC Sells 3,365 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Integrated Advisors Network LLC trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,545 shares of the technology company's stock after selling 3,365 shares during the quarter. Integrated Advisors Network LLC owned approximately 0.05% of CyberArk Software worth $7,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. acquired a new position in shares of CyberArk Software during the fourth quarter valued at about $1,166,000. Spire Wealth Management lifted its position in CyberArk Software by 236.8% in the 4th quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after acquiring an additional 3,344 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in CyberArk Software by 9.7% during the 4th quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock valued at $3,857,000 after purchasing an additional 1,024 shares during the last quarter. Van ECK Associates Corp increased its holdings in CyberArk Software by 6.1% during the 4th quarter. Van ECK Associates Corp now owns 17,870 shares of the technology company's stock worth $5,953,000 after purchasing an additional 1,035 shares in the last quarter. Finally, Alta Wealth Advisors LLC purchased a new stake in shares of CyberArk Software in the fourth quarter worth approximately $507,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Price Performance

NASDAQ:CYBR traded down $1.61 on Wednesday, reaching $381.20. 670,123 shares of the company's stock were exchanged, compared to its average volume of 551,723. The firm has a market cap of $18.84 billion, a price-to-earnings ratio of -195.49 and a beta of 0.99. The stock has a fifty day simple moving average of $346.98 and a 200-day simple moving average of $344.97. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.79 by $0.19. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The company had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. During the same period last year, the firm earned $0.75 EPS. CyberArk Software's revenue for the quarter was up 43.3% on a year-over-year basis. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CYBR shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, May 13th. Roth Capital began coverage on CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 price objective on the stock. Truist Financial reduced their target price on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Oppenheimer increased their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Needham & Company LLC restated a "buy" rating and set a $480.00 price target on shares of CyberArk Software in a report on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $415.71.

CyberArk Software Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.